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We compare Transparency and Privacy in credit markets. A long-lived borrower, who has a risky investment opportunity …, seeks loans from a sequence of short-lived lenders. Under Transparency, all the information about the past investment … shared under Privacy. We first show that under both Transparency and Privacy, the iterated elimination of dominated …
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transparency-enhancing measures, such as voting records, transcripts or minutes of policy meetings, and conditional interest rate … transparency-enhancing measures will improve central bank predictability. …
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transparency-enhancing measures will improve central bank predictability. …
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